Which of the following is NOT typically part of an insurance contract?

The Certificate of Authority is not typically part of an insurance contract itself because it is a document issued by a regulatory body that authorizes an insurance company to operate within a specific jurisdiction. It serves to establish the legitimacy of the insurer and ensures that they meet certain financial and operational standards set by the state. In contrast, the other components, such as the Policy Schedule, Premium Payment Clause, and Policy Benefits, directly relate to the terms of the insurance policy.

The Policy Schedule outlines the specifics of the coverage, including effective dates and coverage limits. The Premium Payment Clause stipulates the required payments for the policyholder to maintain their coverage. The Policy Benefits detail what the insurer will provide in terms of coverage and payouts in various scenarios. These elements are essential to the contract, directly impacting the relationship between the insurer and the insured.